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Level 5. Decision-Making Knowledge Check

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Level 5. Decision-Making Knowledge Check

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Test your understanding of this lesson by completing the Decision-Making Knowledge Check!

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WM
WM
United States

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Level 5. Decision-Making Knowledge Check
 

Level 5. Decision-Making Knowledge CheckOnline version

Test your understanding of this lesson by completing the Decision-Making Knowledge Check!

by WM
1

Taylor has enough money in her checking account to buy a $1,200 phone because hers has been acting up, but doing so would leave her a few dollars short to cover her student loan payment. What is the BEST course of action?

2

Lower-priced items often offer the best value. True or False?

3

Olivia spends $700 on a weekend vacation. Which option BEST represents the opportunity cost?

4

Which question should you ask first when using the Decision-Making Framework?

5

Someone may have the ability to buy an item without it being affordable. True or False?

6

Which of the following are consequences of financial discipline and informed decision-making?

Choose one or more answers

7

John needs a new car and has $7,500 saved. He has a 45-minute commute every day to work. Which option provides the best value for the price?

 
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